The Hartono brothers R. Budi and Michael (pictured) get a chunk of their fortune from their investment in Bank Central Asia.
The Hartonos bought a stake in BCA after another wealthy family, the Salims, lost control of the bank during the 1997-1998 Asian economic crisis.
The roots of the family fortune stem from kretek cigarette maker Djarum, started by their father and now run by Budi's son Victor.
Family holdings include popular electronics brand Polytron and prime real estate in Jakarta.
The brothers listed Global Digital Niaga, the parent of e-commerce giant Blibli, raising 8 trillion rupiah ($510 million) in what was Indonesia's second largest IPO of 2022.
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Media and property mogul Hary Tanoesoedibjo, executive chairman of Media Nusantara Citra (MNC) group, who dropped out of the ranks last year, is back on the list, boosted by his business associate’s imminent return to the White House.
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